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San Francisco Banner Sold to Groupe Marie Claire.


Business Editors

LONGUEUIL, Quebec--(BUSINESS WIRE)--Jan. 26, 2004

Les Boutiques San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  Incorporees (the "Corporation") announces the conclusion of an agreement for the sale of the San Francisco banner to the groupe Marie Claire Marie Claire is a monthly woman’s magazine conceived in France but also distributed in other countries with editions specific to them and in their languages. While each country shares its own special voice with its audience, the United States edition focuses on women  of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. . The agreement for approximately $3.2 million is for 33 of the 36 stores operating under this banner, including part of their inventory.

The groupe Marie Claire already operates clothing shops in Quebec under the Marie Claire, Terra Nostra Terra Nostra

combines the myths and history of twenty centuries of Western civilization. [Lat. Am. Lit.: Carlos Fuentes Terra Nostra in Weiss, 458]

See : Epic
, Claire France, Emotions and M.C. Collection banners. "This acquisition will allow us to occupy a market niche that is complementary to those in which we operate presently. We are very happy to acquire the San Francisco stores which have a high level of awareness and appreciation in the marketplace. That is why we will retain the San Francisco name," stated Real Lafrance, president and owner of the groupe Marie Claire.

Gaetan Frigon, Chief Restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics).  Officer of the groupe San Francisco, is very pleased that the purchaser intends to continue operating almost all of the network of San Francisco stores. "This is the first sale of assets in the business restructuring plan that was accepted by Superior Court on January 15. Although we still have a great deal to do, we are headed in the right direction," Mr. Frigon pointed out.

Due to the fact that the groupe San Francisco has obtained a court order under the Companies' Creditors Arrangement Act, the sale of the San Francisco banner is subject to Superior Court approval. It is also subject to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  as well as to a certain number of other conditions, including the transfer and renewal of leases.
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Publication:Business Wire
Date:Jan 26, 2004
Words:274
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